Douglas Emmett traded at $10.70 this Friday April 24th, increasing $0.17 or 1.61 percent since the previous trading session. Looking back, over the last four weeks, Douglas Emmett gained 14.07 percent. Over the last 12 months, its price fell by 24.86 percent. Looking ahead, we forecast Douglas Emmett to be priced at 10.22 by the end of this quarter and at 9.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns and operates office and multifamily properties located in coastal submarkets in Los Angeles and Honolulu. It operates through two business segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The services for its office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. Its properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii.